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Tips from an insider: Stockholm tech start-ups

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Four Stockholm-based ICT firms to watch

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ICT startups offer investment opportunity

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Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

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Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

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Stockholm has highest share of tech jobs in EU

Stockholm fibre network adds billions to economy

With tech startups like Spotify and Skype and giants like Ericsson, Stockholm has developed an international reputation as a vibrant high-tech hub that is continually attracting more skilled professionals.

Now, a survey shows that the Swedish capital has a higher share of people working in high-tech companies than any other European country. With 18 percent of the total workforce employed in science, technology, engineering and mathematics, Stockholm was ranked first in the report ”High-Technology Employment in the European Union”, which was released by the prestigious University of Leuven in Belgium and funded by Google.

"High-tech workers experience more favourable labour market outcomes than workers as a whole, as evidenced by lower unemployment rates, the existence of a substantial wage premium, and stronger wage growth," the report said. "These factors reflect both the relatively high demand for these workers and the economic value they create."

The Swedish capital is also home to a large number of Scandinavian headquarters for multinational corporations, such as Microsoft, Intel and IBM. A study by Stockholm Chamber of Commerce showed that the Swedish capital has one of the highest figures of global headquarters in Europe.

In recent years, a number of magazines and international studies have highlighted the city's booming tech startup scene. "Scandinavians have long understood the wired world, with high mobile phone penetration and internet connectivity," the Financial Times wrote recently. "Stockholm has now matched this with a critical mass of technology startups moving into the city. Capital has followed."

Forbes magazine also ranked Stockholm as one of the world's best cities for startups. In 2011, the 22 million high-tech workers employed in the 27 countries of the European Union represented 10 percent of total employment. Sweden was above average, with 12.7 percent of the workforce in high-tech, which represented a total of 592,000 people and an employment growth of 10 percent since 2000. The growth in Stockholm was 15 percent, making a total of 197,000 employees.

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This article was sponsored by Stockholm Business Region.

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Last Updated (Tuesday, 08 April 2014 06:23)


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